She agreed with LBG's assessment that about 1, 000 posts would be affected north of the border.

BBC: Lloyds cuts 1,000 Scottish posts

The first problem, at least in the case of LBG, is that the extra capital promised is too small to deal with a serious crisis.

ECONOMIST: Lloyds is first out of the gate with a new kind of capital

Although the broad outline of the scheme was announced in February for RBS and in March for LBG, neither bank formally joined it, as fiercely detailed negotiations ensued.

ECONOMIST: New banking measures

Eric Daniels of LBG said his bank was contractually obliged to pay bonuses to employees of the former HBOS. Stephen Hester of RBS had similar obligations to employees of the former ABN AMRO.

ECONOMIST: Bashing bankers is the latest sport

For the sake of better brand positioning and better efficiency, Yang announced in the same e-mail that his company will split into two new groups: Lenovo Business Group (LBG) and Think Business Group (TBG).

ENGADGET: Lenovo to split into Lenovo Business Group and Think Business Group, effective in April

Effective from April 1st, LBG will be headed by Senior Vice President (Mobile Internet Digital Home) Liu Jun to focus on mainstream consumer and business desktops, laptops, and tablets, as well as smartphones and smart TVs.

ENGADGET: Lenovo to split into Lenovo Business Group and Think Business Group, effective in April